Refer to the specific census and withdrawal datesfor the semester(s) in which this unit is offered.
ETS2111 or equivalent.
ETW2410, ECC2410, ETC2410, ETC3440.
This unit introduces students to the empirical analysis of relationships between economic variables. The approach is based on linear regression theory and emphasises ‘hands on’ data analysis. Topics studied will include properties of least squares estimators, hypothesis testing, the choice of appropriate functional form, the use of dummy variables, issues around modelling survey data, and the problems of serial correlation, heteroscedasticity and multicollinearity.
The learning goals associated with this unit are to:
Within semester assessment: 40% + Examination: 60%
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.